Overview

This may be architecture firm Herzog & de Meuron’s first high-rise tower, but the firm has an international portfolio which is prestigious enough to make one’s head spin.  The Beijing National Stadium, The Tate Modern in London, and the Forum Building in Barcelona are just a few of their projects.  They have completed another residential condominium project in New York, 40 Bond Street, which is certainly one of the nicest new condos to hit downtown–and one of the most expensive.  We expect great things from 56 Leonard, a  condo destined to change the city skyline in a shockingly modern way.  Details and more photos can be found below.

Units & Prices

Apartments here will be large.  Units range from 1,430 square feet to 6,380 square feet and will have 2-5 bedrooms.  There will not be studio or one-bedroom units available.  There will be multiple penthouses, the details and plans for which can be found through the Corocran website.  Overall pricing will be $3.5M-$33M.  So, it appears starting prices per foot will be roughly $2,200, with an average somewhere just below the $3,000 range.

Features & Amenities

Each residence will have ‘grand glass doors’ of up to 12’ leading to private outdoor spaces outfitted with travertine pavers, a frameless balustrade and custom handrails.  You can see based on the photos that the outdoor spaces are arranged strategically to provide each residence with unique and unobstructed views.  The higher floors will be filled with light and views extending in every direction.  There are many unique architectural features, among them fireplace hearths which stretch all the way to the ceiling, similar to the glass walls.

The kitchens will feature an artsy dining island with black granite across from the main kitchen wall which is efficient and neat with glass cabinets, custom hood, integrated fridge and high-end appliance package.  The bathrooms are incredible as well, featuring marble mosaic-tiled walls and vanities, six-foot oval soaking tub, shower, cabinetry and fixtures.  The glass walls in the bathroom will offer staggering views as well from most floors.

On one of the two amenities floors, residents will find a 75-foot infinity edge pool surrounded by a black terrazzo deck inlaid with spherical glass aggregate.  There will be an adjoining outdoor sundeck hanging 20 feet over the block providing views of Tribeca.  There’s also a fitness center, yoga room, spa, library lounge, screening room, children’s play room, and private dining/conference room.  In a building of this scale, you’ll pretty much find it all.

Location

Apartments in TriBeCa, or the “Triangle Below Canal” are defined by warehouses which have been converted over the years to luxury units.  Tribeca is close to the World Trade Center area, but the neighborhood has managed to survive the economic slowdown and continue to be in high demand.  We’ve covered several ultra high-end condo projects on the blog recently.  All of them are extravagant.  This one is unique in the Tribeca landscape in that it is a high-rise towering over most other structures in the neighborhood.

Besides the residential life, TriBeCa has dozens of incredible restaurants and boutique shopping opportunities.  Most are familiar with the famous Tribeca film festival which happens here each year.  Because Tribeca is downtown and relatively small, there aren’t any parks, but residents can enjoy the waterfront areas and walking/biking paths which go all the way up the west side.

Investment Potential

Surveys generally show that the ultra high-end market survives better during tough economic times than homes in the $800K-$1.5M range.  That being said, 56 Leonard is a large project with steep price tags and competition.  I’m confident the project will sell well due to its uniqueness and exquisite detailing.  Hopefully by the time it’s finished the housing market will have stabilized and people will resume buying gorgeous apartments like these!

This post is supported by car accident lawyer New York.